PIL seeking quashing of CIL disinvestment dismissed

New Delhi, Aug 5 (IANS) The Supreme Court Monday dismissed a PIL seeking quashing of 10 percent disinvestment of Coal India Limited in 2010 as the non-disclosure of actual coal reserves of 124 billion tonnes caused a loss of Rs.1.7 lakh crore to the exchequer.

Dismissing the petition by one Ehsan Khalid, the apex court bench headed by Justice R.M. Lodha said the court would not invoke its power of judicial review unless the disinvestment policy was non-transparent and arbitrary.

"In a matter of policies, particularly economic policies, this court does not interfere by invoking its power of judicial review unless the impugned policy is found to be grossly unfair, unreasonable and arbitrary," Justice Lodha said in his order.

At the time of disinvestment, it was stated that CIL's reserves stood at 64 billion tonnes which was subsequently revised to 124 billion tonnes, the PIL petitioner had contended.

--

Get stories like this on the Yahoo app and discover more every day.
Download it now.

Matches

    • Team flag for Sri Lanka vs. Team flag for PakistanPAKSL
      5th ODI
      Sun, Jul 26, 2015
      Hambantota, Sri Lanka
      Pakistan in Sri Lanka ODI ...
      SL won by 165 runs
    • Team flag for Netherlands vs. Team flag for ScotlandSCONED
      Final
      Match abandoned
      Sun, Jul 26, 2015
      Malahide, Dublin, Ireland
      World Twenty20 Qualifier, ...
    • Team flag for Hong Kong vs. Team flag for IrelandIREHK
      3rd Place Play-off
      Match abandoned
      Sun, Jul 26, 2015
      Malahide, Dublin, Ireland
      World Twenty20 Qualifier, ...
  • No live matches are in progress.
    • Team flag for England vs. Team flag for AustraliaAUSENG
      3rd Test
      Wed, Jul 29, 2015
      Birmingham, England
      The Ashes, 2015...
      Upcoming match
    • Team flag for Bangladesh vs. Team flag for South AfricaSABAN
      2nd Test
      Thu, Jul 30, 2015
      Mirpur, Bangladesh
      South Africa in Bangladesh...
      Upcoming match
    • Team flag for Sri Lanka vs. Team flag for PakistanPAKSL
      1st T20I
      Thu, Jul 30, 2015
      Thu, Jul 30, 2015
      Colombo, Sri Lanka
      Pakistan in Sri Lanka T20 ...